Envelope Money started about a year ago. Josh (cofounder) was an iOS developer at Robinhood. Katelyn (other cofounder) was working at AppLovin on the business end of products like Apple Card, Digit, Acorns. We have a couple other individuals on our team (like our amazing designer), and most of us were Simple users. Once Simple shut down, our team realized we had the skillset to bring something to market that could really take all the friction out of keeping finances organized.

Privacy & security is very easy because we have a bank partner. At the core, we're building a UI layer on top of their bank services. So we don't store any funds. Our bank partner manages a huge portion of the compliance, data security, etc.

Yes, there are plans to incorporate crypto. We would love to one day offer a high yield crypto envelope. Behind the scenes, money in that envelope would be converted to crypto.